Global Power Rental Systems Market – Global Industry Analysis and Forecast (2018-2026)
Global Power Rental Systems Market was valued US$ 11.23 Bn in 2017 and is expected to reach US$ 30.12 Bn by 2026, at a CAGR of 13.13% during a forecast period.
The global power rental systems market based on application, end-user, and region. In terms of application, the global power rental systems market is classified into peak shaving, continuous power, and standby. Based on end-user, the global power rental systems market is categorized into government and utilities, oil, gas and mining, construction, industrial, and events. Region wise into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
The global power rental systems market is driven by the increasing grid instability due to the aging of conventional grids. The global power rental systems market will also benefit from the increasing awareness about curtailing the energy demand during peak hours. Other factors that will fuel the global power rental systems market include the increasing preference to renting power instead of buying it. Moreover, the market will be challenged by the increasing focus of nations on renewable energy and payment issues in developing and underdeveloped nations. Concerns regarding emissions from power rental equipment is a major hindering factor for this industry.
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In terms of application, Peak shaving is a technique to decrease power bills by curbing the power consumption during peak hours when electricity rates are the highest. Power rental units help in curtailing the power demand during seasonal peak hours, thereby controlling electric billing costs.
Based on end-user, Oil & Gas industry is one of the largest consumers of power in the world. The use of power rental systems helps these industries distribute power loads between peak and non-peak hours thereby reducing the electrical power cost considerably. Moreover, the emerging oil and gas industry in the Middle East and Asia Pacific coupled with demand supply gap in power is anticipated to augment the demand for power rental systems in this segment.
The Middle East & Africa region has been the largest power rental systems market globally and is also expected to be the fastest-growing market in the upcoming years. The demand for power rental systems market in the Middle East was valued at US$ 2,650.0 million in 2017.
Some of the key players in the global power rental systems market are Aggreko PLC, Herc Holdings Inc., APR Energy, Caterpillar Inc., United Rentals Inc., Cummins Inc., Atlas Copco AB, Ashtead Group PLC, Al Faris Group, and Quippo Infrastructure Equipment Limited.
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Some of the Global Power Rental Systems Market
Global Power Rental Systems Market by Application
• Peak Shaving
• Continuous Power
• Standby
Global Power Rental Systems Market by End-User
• Government and Utilities
• Oil, Gas and Mining
• Construction
• Industrial
• Events
Global Power Rental Systems Market by Geography
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America
Key Players operating in the Global Power Rental Systems Market
• Aggreko PLC
• Herc Holdings Inc.
• APR Energy
• Caterpillar Inc.
• United Rentals Inc.
• Cummins Inc.
• Atlas Copco AB
• Ashtead Group PLC
• Al Faris Group
• Quippo Infrastructure Equipment Limited
• Caterpillar, Inc.
• Hertz Corporation
• Kohler Co.
• Perennial Technologies Pvt Ltd
• Energyst
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MAJOR TOC OF THE REPORT
Chapter One: Power Rental Systems Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Power Rental Systems Market Competition, by Players
Chapter Four: Global Power Rental Systems Market Size by Regions
Chapter Five: North America Power Rental Systems Revenue by Countries
Chapter Six: Europe Power Rental Systems Revenue by Countries
Chapter Seven: Asia-Pacific Power Rental Systems Revenue by Countries
Chapter Eight: South America Power Rental Systems Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Power Rental Systems by Countries
Chapter Ten: Global Power Rental Systems Market Segment by Type
Chapter Eleven: Global Power Rental Systems Market Segment by Application
Chapter Twelve: Global Power Rental Systems Market Size Forecast (2019-2026)
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